Letter: Let’s understand debt versus deficit | PostIndependent.com

Letter: Let’s understand debt versus deficit

I think that Mr. Grant is confusing two different numbers. Debt is the total amount owed by the federal government. Deficit is the difference between income and expense for a fiscal year. When the federal government has a deficit for a fiscal year the amount is added to the debt. I am not trying to defend or support our government’s fiscal policies, but I do think that understanding the numbers is helpful.

Ted Edmonds

Glenwood Springs

Support Local Journalism

Support Local Journalism

Readers around Glenwood Springs and Garfield County make the Post Independent’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User